AVB AvalonBay Communities
Intrinsic value$242.12
Price (at call)$183.84
Margin of safety
+31.7%
vs market (rating basis)
+104.3%
Model unavailable; showing baseline valuation.
⚠ LLM error: empty response; using baseline
The story
Value drivers
| AFFO growth (Y1) | 5.4% |
| Terminal AFFO growth | 3.0% |
| AFFO / FFO ratio | 80.0% |
| Beta | 0.77 |
| Failure probability | 0.0% |
| Cost of equity | 8.2% |
Valuation bridge
| PV of AFFO (explicit) | 13.11B |
| PV of terminal value | 21.46B |
| Equity value | 34.57B |
| ÷ shares → per share | $242.12 |
News
bullish +0.30 · 8 articles
- Apartment REITs Signal Recovery, but Lease Pricing Lags
- AvalonBay Communities (AVB) Could Be 8% Below Fair Value As Merger Plans Progress
- Equity Residential, AvalonBay announce name of combined firm: Vivmark Residential
- Camden Property Q2 FFO & Revenues Beat Estimates, Occupancy Improves
- Mid-America Apartment Q2 FFO Misses Estimates as Same-Store NOI Falls
- INVH Q2 FFO Beats Estimates on NOI Growth, Revenues Top, '26 View Up
- ESS Q2 FFO Beats Estimates on Higher Property NOI, '26 View Raised
- UDR Q2 FFO & Revenues Beat Estimates on Leasing Strength, '26 View Up
Projected AFFO
| Yr | FFO | AFFO | Growth | PV |
|---|---|---|---|---|
| 1 | 2.06B | 1.65B | 5.4% | 1.53B |
| 2 | 2.17B | 1.74B | 5.2% | 1.48B |
| 3 | 2.28B | 1.82B | 4.9% | 1.44B |
| 4 | 2.38B | 1.91B | 4.6% | 1.39B |
| 5 | 2.49B | 1.99B | 4.4% | 1.34B |
| 6 | 2.59B | 2.07B | 4.1% | 1.29B |
| 7 | 2.69B | 2.15B | 3.8% | 1.24B |
| 8 | 2.78B | 2.23B | 3.5% | 1.19B |
| 9 | 2.87B | 2.30B | 3.3% | 1.13B |
| 10 | 2.96B | 2.37B | 3.0% | 1.08B |